ForecastCity

A second Chance to Sell in USOIL...

TVC:USOIL   WTI 크루드 오일 CFDs
Midterm forecast:
While the price is below the resistance 60.95, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 60.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
We will close our open trades, if the Midterm level 60.95 is broken.

Technical analysis:
The RSI support #1 at 43 is broken, so the probability of beginning of downtrend is increased.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 66.50 on 04/23/2019, so more losses to support(s) 58.05 and minimum to Major Support (55.20) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 38.

trading suggestion:
*There is still a possibility of temporary retracement to suggested resistance line (60.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to bell below the suggested resistance line (60.95).

Entry signal:
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

Trade Setup:
We opened 9 SELL trade(s) @ 65.11 (day close price) based on 'Peak' at 2019.04.25.

Total Profit: 5170 point
Closed trade(s): 1528 point Profit
Open trade(s): 3642 point Profit

Closed Profit:
TP1 @ 61.85 touched at 2019.05.02 with 326 point Profit.
TP2 @ 60.15 touched at 2019.05.06 with 496 point Profit.
TP3 @ 58.05 touched at 2019.05.23 with 706 point Profit.
326 + 496 + 706 = 1528 point

Open Profit:
Profit for one trade is 65.11(open price) - 59.04(current price) = 607 point
6 trade(s) still open, therefore total profit for open trade(s) is 607 x 6 = 3642 point
All SLs moved to Break-even point.

Take Profit:
TP4= @ 55.20
TP5= @ 52.80
TP6= @ 49.50
TP7= @ 45.80
TP8= @ 42.60
TP9= Free
http://www.ForecastCity.com

★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the ForecastCity.com

연관 아이디어

Thanks for good TA.
+1 응답
@fxniki, You're welcome.
+1 응답
ForecastCity Crude_Trader
@Crude_Trader, thanks for sharing your chart.
+1 응답
+1 응답
@fract, Thanks for sharing your chart.
+1 응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 도움 받기 기능 개발/개선 요청 블로그 & 뉴스 잦은물음 위키 트위터
프로화일 프로화일설정 계정 및 빌링 도움 받기 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃